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LRCX - Lam Research News Story

$608.98 -6.9  -1.1%

Last Trade - 17/09/21

Sector
Technology
Size
Large Cap
Market Cap £63.40bn
Enterprise Value £62.88bn
Revenue £10.61bn
Position in Universe 147th / 7151

BUZZ-Lam Research Corp: Rises on dividend, buyback plan

Tue 6th March, 2018 5:23pm
** Chip equipment maker's shares  LRCX.O  up as much as 5.7
pct at $209.50
    ** LRCX says it plans to return at least 50 pct of FCF to
stockholders over next 5 years  urn:newsml:reuters.com:*:nGNX8Cc6zb
    ** More than doubles quarterly cash dividend to $1.10/shr 
    ** Also announces additional $2 bln share repurchase
authorization for a total of $4 bln authorized since November
2017
    ** Including session's gains, LRCX up 77 pct in last 12
months

 (Reporting by Arjun Panchadar in Bengaluru)
 ((RM: Arjun.Panchadar.thomsonreuters.com@reuters.net))
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